Facebook Owner, Mark Zuckerberg Becomes World’s Third Centibillionaire

Facebook’s CEO has joined Amazon’s CEO, Jeff Bezos, and Microsoft’s founder Bill Gates, as the only people with centibillionaire status.

According to the Bloomberg Billionaires Index, Mark Zuckerberg’s fortune has topped $100bn for the first time, placing him among members of the world’s centibillionaires’ club.

This comes after Facebook’s shares surged by 6% on the news that the company plans to launch Instagram Reels, a rival to the Chinese video-sharing application TikTok.